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Foresta Signs Landmark Term Sheet with Genesis to Supply 300,000 Tonnes of Wood Pellets
4:33pm on Monday 10th of February, 2025 AEDT
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Energy
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Foresta Signs Landmark Term Sheet with Genesis to Supply 300,000 Tonnes of Wood Pellets
4:33pm on Monday 10th of February, 2025 AEDT
Key Points
Foresta signs non-binding term sheet with Genesis Energy for torrefied wood pellets
Target supply of 300,000 tonnes per annum by FY2028 for Huntly Power Station
Supply contingent on Foresta’s new Kawerau production facility development and funding
Genesis aims to diversify fuel sources to enhance energy security and reduce coal reliance
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